Quantitative Methods in Economics: An Introduction to Statistical Inference, Estimation and Modelling |
Contents
Probability theory | 1 |
Prediction and forecasting | 101 |
Autocorrelation | 113 |
Copyright | |
5 other sections not shown
Common terms and phrases
2SLS 3SLS algebra analysis assumption asymptotic autocorrelation biased calculated capital stock coefficient compute consistent estimator constant covariance critical region current endogenous variables defined degrees of freedom depends disturbance term Durbin-Watson Durbin-Watson statistic earlier econometric econometrician economic elements equation estimator for ẞ example explanatory variables given Grunfeld heteroskedasticity homoskedasticity Huronian hypothesis testing I₁ investment least squares Let us suppose level of significance likelihood function linear function maintained hypothesis measure method multicollinearity normal distribution null hypothesis observations obtain OLS estimator parameter estimates parameter vector population possible predetermined variables probability distribution problem reduced form reject the null relation residuals S₁ sample mean sample variance sampling distribution simple stochastic variable technique test statistic Theil Theorem theory tion transformation turn Type II error unbiased estimator variance-covariance matrix X₁ y₁ zero μο σ²